Last night, I also made a post with my TA with warnings of making decisions based on fear and FOMO. Especially with the occurrences taking place yesterday. New traders I find have a hard time doing research. It is interesting because they see the potential to make quick gains and try to "do what others are doing."

With regards to last night, Roger Ver and co pumped the BCH market really hard. To the outside, it looks like there was immediate traction and the gains would be quick and easy. However, it is easy to forget how you established your position on your current holdings. For example, where did you enter? What was your target? What was your stop loss? Sticking to your guns and analysis goes a long way.

I personally, sat out on the BCH train and I am glad I did. By the time, I had the ability to make a panic change, I would have been buying at the top. It is always better to sit one out than buy at the top.

Great post. I completely agree with you. Forget the fear and FOMO.